Forbion European Acquisition Corp. announced that it has received $1.265 million in funding from Forbion Growth Sponsor Feac I B.V.

Forbion European Acquisition Corp. closed a private placement of unsecured working capital promissory note for gross proceeds of $1,265,000 on June 6, 2023. The transaction included participation from new investor Forbion Growth Sponsor Feac I B.V. The issuance of the notes was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

The notes are convertible into warrants of the company at a price of $1.50 per warrant, each warrant exercisable for one Class A ordinary share, $0.0001 par value per share, of the company.